National Bank of Malawi plc (NBM) has injected K1.5million into the Malawi ladies open stroke play championship set for Lilongwe Golf Club (LCG) between April 11 and April 4.

During a cheque presentation to Ladies Golf Union of Malawi (LGUoM) in Blantyre. NBM Financial controller Arnold Makanda said the assistance is part of Banks corporate responsibility.

“The Bank sponsors a number of sporting events in the country, including golf and basketball as part of corporate social responsibility. We hope the forthcoming international event will attract and promote tourism and enhance teamwork. Best wishes to Team Malawi, have fun and make new friends.’’ He said.

National Bank of Malawi plc would like to advise that following the change in the determination of commercial banks’ base lending rates to align them to the Reserve Bank of Malawi (RBM) Lombard Rate, there will be adjustment in the method of referencing the lending rates to customers.

Further, in response to the downward revision of the Policy Rate and Liquidity Reserve Ratios, we are pleased to inform our borrowing customers that NBM plc has reduced its lending rates. The effective rates will now range from 14.9%, the current RBM Lombard rate, (previously NBM plc base rate was 23%) to a maximum of 25.9% (formerly a maximum of 33%).

The specifc application of the downward interest rate adjustment will depend on each customers’ risk profle and the type of the lending product. The Bank will endeavor to engage all its borrowing clients on how the reduction in the rates will be effected in their specifc case.

The new rates will become effective from Monday, 11th February 2019.

National Bank of Malawi plc and Malawi Defense force planted 9000 trees at Changalume barracks in Zomba

NBM chief executive officer Macfuss Kawawa said tree planting and nurturing of forests must be embraced by all Malawians.

“it is the duty of all of us in leadership at all levels to lead by an example and encourage tree planting, nurturing and caring of trees and the protection of the environment as a must for all the people we lead.” He said

National Bank of Malawi plc has announced the integration of its mobile banking platform Mo626, with Airtel Malawi mobile wallet Airtel money.

Briefing reporters in Lilongwe, NBM plc head of cards and e banking William Kaunda said the integration is in response to their customers’ request.

‘’ As a bank we always listen to our customers’ needs. We always want to give what customers want. This integration enables customers on Mo626 and Airtel Money platforms to send and receive money from each other.’’ He said

Patrick Chiona used home course advantage to perfection on Saturday to win the national bank of Malawi (NBM ) golf tournament as the bank of the nation returned to Gymkhana club after a couple of years

In the ladies category, it was Nchalo Sports club golfer, Faith Samati who carried the day.

Chiona amassed 41 stable ford points-three clear of his team mate Boniface Tivalenji who counted out Goodwin Chinseu while Stevie Chisale was fourth with 37 points.

The men’s champion said. “I know the course very well and I think I played a huge part to my success and the return of the sponsor (NBM was a big motivation.’’

National Bank of Malawi (NBM) Chief Executive Officer, Mcfussy Kawawa, has said the bank will continue supporting tertiary education institution in the country.

Kawawa made the remarks when the bank awarded nine best performing students at the Malawi University of Science and Technology (MUST)in Thyolo district.

“We as National Bank, believe in a philosophy that if you educate a nation, there is always prosperity in future. Through these awards, we are hopeful of enhancing competition among the students who will be working hard in pursuance of the awards and through that, they would have acquired required knowledge.” Kawawa Said.

National Bank of Malawi (NBM) presented excellence awards to 14 brainy University of Malawi students at the Malawi Polytechnic in Blantyre.

This is 39th year since NBM started awarding  Unima’s finest students.

NBM Chief Executive Officer Mcfussy Kawawa said his firm believes that it is only through the promotion of diligent pursuit of excellence by every citizen at all levels of society that Malawians can achieve success and progress.

SPEECH BY THE CHIEF EXECUTIVE OF NATIONAL BANK OF MALAWI, MR. MACFUSSY KAWAWA AT THE PRESENTATION OF THE 2018 UNIVERSITY OF MALAWI BEST STUDENT AWARDS AT THE POLYTECHNIC, BLANTYRE ON FRIDAY, 9TH NOVEMBER 2018

• The Vice  Chancellor, Professor John Kalenga Saka

• The Principal of the Polytechnic, Prof. Grant Kululanga
• Principals, Deans, Heads of Departments, all teaching and administrative staff

• Members of the management team from National Bank of Malawi

• Parents and Guardians of our Awardees

• Awardees and Students

• Distinguished ladies and gentlemen

Mr Vice Chancellor, my team and I are excited that today we have another opportunity of coming back to the University of Malawi to celebrate the University’s achievements through the Best Student Awards.